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RABEN v. SCHLOTTMAN

No. 9654.

88 N.W.2d 205 (1958)

Mel RABEN, Curt Shaw, George Stapp, Lars Jensen, Edward J. Brodsky, Mead Corwin, John Myers, Irvin Smith, Ivan Ellis, Dale Gregson, R. H. Burton, Clark Burton, Clarence Fiegen, Don J. McFall, J. R. Bobier, Otto Dodds, and O. J. Buxton, Plaintiffs and Respondents, v. Buford SCHLOTTMAN, Defendant and Appellant.

Supreme Court of South Dakota.

Rehearing Denied May 26, 1958.

Attorney(s) appearing for the Case

Bangs, McCullen & Butler, Rapid City, for defendant and appellant.

Burnell H. Hendricksen, Rapid City, for plaintiffs and respondents.

ROBERTS, Judge.

Defendant Buford O. Schlottman and three associates entered into a contract denominated "Contract of Organization of the Tepee Buttes Joint Venture". It was set forth in the contract that the purpose for which the joint adventure was organized was to acquire leases and to prospect for oil and gas. The transactions herein arose out of drilling operations in Butte County, South Dakota. The drilling of a well was abandoned by these persons because of...

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